by COINS NEWS - 2 years ago
An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday.
Cryptocurrency expert Virgil Griffith will pay a $100,000 fine for assisting North Koreans in evading US sanct...
Bitcoin News / Bitcoin.com - 2 years ago
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DO...
Cryptocoins News / The Cointelegraph - 2 years ago
Ethereum developer Virgil Griffith took a plea deal after breaking sanctions against North Korea and was formally sentenced earlier today— the final chapter in a two-year journey as bizarre as it is shocking. Journalist Ethan Lou, author of Once a Bi...
by COINS NEWS - 2 years ago
The mad double standards applied to crypto seem to be continuing today. I was left somewhat opened mouthed when the WSJ posted this... https://www.wsj.com/articles/if-crypto-cant-be-used-to-evade-russian-sanctions-what-is-the-point-11649763827?mod=bu...
Cryptocoins News / Blockchain - 2 years ago
The European Union Council has imposed another round of sanctions on Russia with an extended ban on cryptocurrency-focused transactions for already blacklisted Russian individuals and their relatives. to the latest round of the sanctions, there is...
Bitcoin News / Bitcoin.com - 2 years ago
European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypt...
Bitcoin News / Bitcoin.com - 2 years ago
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such...
Cryptocoins News / The Cointelegraph - 2 years ago
United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yelle...
Cryptocoins News / The Cointelegraph - 2 years ago
United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yelle...
Cryptocoins News / The Cointelegraph - 2 years ago
The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex.In a Tuesday announcement, the Treasury Department said it had worke...
Bitcoin News / Bitcoin.com - 2 years ago
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are los...
Cryptocoins News / The Cointelegraph - 2 years ago
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues...
Bitcoin News / Bitcoin.com - 2 years ago
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to s...
Bitcoin News / Bitcoin.com - 2 years ago
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of t...
by COINS NEWS - 2 years ago
Russia's government has attempted to peg Ruble's value to gold. It has not yet announced that Ruble is backed by gold, but the Russian central bank has said it will exchange ruble with gold and vice versa for a fixed rate. This has resu...
Bitcoin News / Bitcoinist - 2 years ago
The tables have turned in Russia as the country’s energy minister calls for the legalization of crypto mining.
Russia has had to fend for itself in recent months as it has faced escalating sanctions from the West and other nations.
On Saturday,...
Cryptocoins News / The Cointelegraph - 2 years ago
Japan plans to amend its Foreign Exchange and Foreign Trade Act to bring crypto exchanges under the purview of laws that govern banks, a government official revealed on Monday. The proposed amendment is being carried out to prevent sanctioned countri...
Cryptocoins News / The Cointelegraph - 2 years ago
European Central Bank president Christine Lagarde reiterated warnings that Russian individuals and businesses use cryptocurrencies to skirt sanctions.As of March 18, however, daily ruble-denominated crypto trading volume was sitting at just $7.4 mill...
Bitcoin News / Bitcoin.com - 2 years ago
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime.
ECB President Lagar...
Bitcoin News / Bitcoinist - 2 years ago
The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activities in Ukraine.
The current director of FinCEN, H...
Bitcoin News / Bitcoin.com - 2 years ago
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasu...